On the success of a rival, veteran insurance company Allstate (NYSE: ALL) capped off the trading week with a nice share-price surge. Its stock closed the day almost 6% higher following the publication of encouraging and solid monthly results from (NYSE: PGR). 

Investors plowed money into Allstate after learning about how well Progressive did in September.

For the month, the latter insurer's net premiums written climbed by a sturdy 22% year over year to reach just under $4.9 billion. Net premiums earned more or less tracked with this growth, advancing by 20% to more than $4.6 billion.

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Source Fool.com